BATM Advanced Communications Ld
14 November 2001
For immediate release 14 November 2001
BATM Advanced Communications Limited
BATM wins $5m contract to supply IP network equipment to Hanaro Telecom
London - BATM Advanced Communications (LSE: BVC), a leader in mass IP
networking is pleased to announce that it has won a contract to supply IP
networking equipment to Hanaro Telecom in South Korea. The contract is
initially estimated to be worth more than US$5m. BATM will start to ship
equipment for delivery before the end of this year and will continue in 2002.
Hanaro Telecom is a leading provider of broadband Internet access bundled with
voice telephony, multimedia content and corporate data services. It is the
only CLEC in South Korea licensed to provide voice and data services and to
build its own network.
BATM will supply Hanaro with its Titan T series of advanced IP routing
switches with high-speed traffic shaping. The equipment will enable connection
of any number of interactive users over advanced mixed fibre/copper
metropolitan IP networks.
Commenting on the win, Dr. Zvi Marom, CEO of BATM said:
'I am very pleased that BATM has won this contract. Not only does it
strengthen our push into the Asian telecom markets. But it also highlights the
recognition by carriers and ISPs of the possibilities and new applications
enabled by our Titan range of equipment.
The network which Hanaro is building represents state of the art usage of IP
based networks. We believe that more of these networks will be built in more
geographical regions in the near future.'
For further information please contact: Web site: http://www.batm.com
BATM Advanced Communications Ltd Tel: +972 (3) 938 6888
Dr. Zvi Marom, President and CEO Email: zvika@batm.co.il
Weber Shandwick Square Mile Tel +44 (0) 207 601 1000
Edward Macquisten/BeckyJewers
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